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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $11.0M, roughly 1.4× C4 Therapeutics, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -186.0%, a 224.5% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs 24.7%). Over the past eight quarters, C4 Therapeutics, Inc.'s revenue compounded faster (90.4% CAGR vs 20.9%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.

CCCC vs NKSH — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.4× larger
NKSH
$15.3M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+88.1% gap
CCCC
112.8%
24.7%
NKSH
Higher net margin
NKSH
NKSH
224.5% more per $
NKSH
38.5%
-186.0%
CCCC
Faster 2-yr revenue CAGR
CCCC
CCCC
Annualised
CCCC
90.4%
20.9%
NKSH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCCC
CCCC
NKSH
NKSH
Revenue
$11.0M
$15.3M
Net Profit
$-20.5M
$5.9M
Gross Margin
Operating Margin
-210.1%
47.4%
Net Margin
-186.0%
38.5%
Revenue YoY
112.8%
24.7%
Net Profit YoY
40.7%
91.0%
EPS (diluted)
$-0.09
$0.93

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CCCC
CCCC
NKSH
NKSH
Q4 25
$11.0M
$15.3M
Q3 25
$11.2M
$14.2M
Q2 25
$6.5M
$13.3M
Q1 25
$7.2M
$12.8M
Q4 24
$5.2M
$12.2M
Q3 24
$15.4M
$11.7M
Q2 24
$12.0M
$10.9M
Q1 24
$3.0M
$10.4M
Net Profit
CCCC
CCCC
NKSH
NKSH
Q4 25
$-20.5M
$5.9M
Q3 25
$-32.2M
$4.4M
Q2 25
$-26.0M
$2.3M
Q1 25
$-26.3M
$3.2M
Q4 24
$-34.6M
$3.1M
Q3 24
$-24.7M
$2.7M
Q2 24
$-17.7M
$-307.0K
Q1 24
$-28.4M
$2.2M
Operating Margin
CCCC
CCCC
NKSH
NKSH
Q4 25
-210.1%
47.4%
Q3 25
-306.4%
37.9%
Q2 25
-441.0%
20.0%
Q1 25
-402.9%
30.5%
Q4 24
-728.4%
30.1%
Q3 24
-183.9%
27.5%
Q2 24
-178.6%
-4.4%
Q1 24
-1060.2%
25.8%
Net Margin
CCCC
CCCC
NKSH
NKSH
Q4 25
-186.0%
38.5%
Q3 25
-286.4%
31.1%
Q2 25
-402.6%
17.2%
Q1 25
-363.7%
25.3%
Q4 24
-667.8%
25.1%
Q3 24
-160.6%
22.8%
Q2 24
-147.6%
-2.8%
Q1 24
-933.2%
20.8%
EPS (diluted)
CCCC
CCCC
NKSH
NKSH
Q4 25
$-0.09
$0.93
Q3 25
$-0.44
$0.69
Q2 25
$-0.37
$0.36
Q1 25
$-0.37
$0.51
Q4 24
$-0.50
$0.50
Q3 24
$-0.35
$0.42
Q2 24
$-0.26
$-0.05
Q1 24
$-0.41
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCCC
CCCC
NKSH
NKSH
Cash + ST InvestmentsLiquidity on hand
$74.6M
$59.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$184.9M
Total Assets
$359.1M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
NKSH
NKSH
Q4 25
$74.6M
$59.3M
Q3 25
$58.8M
$42.3M
Q2 25
$78.2M
$92.8M
Q1 25
$51.3M
$122.5M
Q4 24
$55.5M
$108.1M
Q3 24
$59.6M
$49.8M
Q2 24
$73.1M
$98.9M
Q1 24
$89.7M
$121.2M
Stockholders' Equity
CCCC
CCCC
NKSH
NKSH
Q4 25
$256.6M
$184.9M
Q3 25
$154.4M
$179.2M
Q2 25
$174.1M
$168.7M
Q1 25
$195.1M
$167.3M
Q4 24
$216.0M
$156.4M
Q3 24
$242.7M
$167.8M
Q2 24
$247.1M
$149.0M
Q1 24
$258.3M
$139.4M
Total Assets
CCCC
CCCC
NKSH
NKSH
Q4 25
$359.1M
$1.8B
Q3 25
$265.5M
$1.8B
Q2 25
$296.5M
$1.8B
Q1 25
$319.5M
$1.8B
Q4 24
$349.6M
$1.8B
Q3 24
$376.1M
$1.8B
Q2 24
$381.1M
$1.8B
Q1 24
$398.4M
$1.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CCCC
CCCC
NKSH
NKSH
Operating Cash FlowLast quarter
$-22.1M
$17.9M
Free Cash FlowOCF − Capex
$15.2M
FCF MarginFCF / Revenue
99.2%
Capex IntensityCapex / Revenue
17.9%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
NKSH
NKSH
Q4 25
$-22.1M
$17.9M
Q3 25
$-31.2M
$6.1M
Q2 25
$-12.1M
$2.1M
Q1 25
$-33.3M
$2.6M
Q4 24
$-17.9M
$9.4M
Q3 24
$-24.1M
$3.1M
Q2 24
$-5.0M
$-3.0M
Q1 24
$-18.1M
$3.8M
Free Cash Flow
CCCC
CCCC
NKSH
NKSH
Q4 25
$15.2M
Q3 25
$-31.6M
$5.3M
Q2 25
$1.5M
Q1 25
$1.6M
Q4 24
$-17.9M
$6.2M
Q3 24
$-24.1M
$2.2M
Q2 24
$-5.2M
$-4.0M
Q1 24
$3.5M
FCF Margin
CCCC
CCCC
NKSH
NKSH
Q4 25
99.2%
Q3 25
-281.5%
37.4%
Q2 25
11.5%
Q1 25
12.5%
Q4 24
-346.5%
50.5%
Q3 24
-157.2%
18.5%
Q2 24
-43.1%
-36.3%
Q1 24
33.8%
Capex Intensity
CCCC
CCCC
NKSH
NKSH
Q4 25
17.9%
Q3 25
3.7%
5.6%
Q2 25
4.1%
Q1 25
7.5%
Q4 24
0.1%
26.6%
Q3 24
0.1%
8.3%
Q2 24
1.6%
9.3%
Q1 24
0.0%
3.0%
Cash Conversion
CCCC
CCCC
NKSH
NKSH
Q4 25
3.04×
Q3 25
1.38×
Q2 25
0.90×
Q1 25
0.79×
Q4 24
3.07×
Q3 24
1.17×
Q2 24
Q1 24
1.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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